Hand Sanitizer (Pharmacies) - Western Africa

  • Western Africa
  • Revenue in the Hand Sanitizer market is projected to reach US$33.49m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 6.27%, resulting in a market volume of US$45.39m by 2029.
  • In global comparison, most revenue will be generated in China (US$385.20m in 2024).
  • In relation to total population figures, per person revenues of US$0.08 are generated in 2024.

Key regions: Japan, United States, Europe, United Kingdom, Canada

 
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Analyst Opinion

The Hand Sanitizer (Pharmacies) market in Western Africa is experiencing significant growth due to changing customer preferences and increasing demand for personal hygiene products.

Customer preferences:
Customers in Western Africa are becoming more conscious about their personal hygiene and are increasingly adopting hand sanitizers as a convenient and effective way to maintain cleanliness. The recent COVID-19 pandemic has further accelerated the demand for hand sanitizers, as people are now more aware of the importance of hand hygiene in preventing the spread of diseases.

Trends in the market:
One of the major trends in the Hand Sanitizer (Pharmacies) market in Western Africa is the increasing popularity of alcohol-based sanitizers. Alcohol-based hand sanitizers are known to be more effective in killing germs and viruses compared to non-alcohol-based sanitizers. As a result, customers are seeking out hand sanitizers with higher alcohol content, leading to a surge in demand for these products. Another trend in the market is the preference for portable and travel-friendly hand sanitizers. Customers in Western Africa are often on the move and require hand sanitizers that can be easily carried in their bags or pockets. This has led to the introduction of compact and travel-sized hand sanitizers that are convenient for customers to use while on the go.

Local special circumstances:
The Hand Sanitizer (Pharmacies) market in Western Africa is also influenced by local cultural and religious practices. In some communities, there is a preference for alcohol-free hand sanitizers due to religious beliefs that prohibit the use of alcohol. Manufacturers and retailers in the region have responded to this demand by offering a variety of alcohol-free hand sanitizers to cater to the specific needs of these customers.

Underlying macroeconomic factors:
The Hand Sanitizer (Pharmacies) market in Western Africa is also driven by underlying macroeconomic factors. The region has been experiencing steady economic growth, leading to an increase in disposable income among the population. This has resulted in higher purchasing power and an inclination towards personal hygiene products such as hand sanitizers. Furthermore, the increasing urbanization and population growth in Western Africa have contributed to the growth of the Hand Sanitizer (Pharmacies) market. As more people migrate to urban areas, the demand for hand sanitizers in pharmacies and other retail outlets has increased significantly. In conclusion, the Hand Sanitizer (Pharmacies) market in Western Africa is witnessing significant growth due to changing customer preferences towards personal hygiene and the increasing demand for hand sanitizers. The preference for alcohol-based sanitizers, portable and travel-friendly options, and alcohol-free alternatives are driving the market trends in the region. Additionally, underlying macroeconomic factors such as economic growth, urbanization, and population growth are also contributing to the growth of the market.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on offline and online spending by consumers, including VAT. Not included are B2B and B2G sales, or other pharmaceutical sales through hospitals or retail stores such as supermarkets.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market market. As a basis for evaluating markets, we use industry associations, third-party studies and reports and survey results from our primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as healthcare expenditure per country, consumer healthcare spending, GDP and internet penetration. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, forecasts are based on historical developments, current trends, and key market indicators, using advanced statistical methods. For forecasting digital trends such as the online-pharmacy sales share we use exponential trend smoothing and the s-curve method. The main drivers are healthcare expenditure per country and consumer healthcare spending.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. GCS data is reweighted for representativeness.

Overview

  • Revenue
  • Analyst Opinion
  • Global Comparison
  • Methodology
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